
Bitget's July Proof-of-Reserves Report Shows 45% Increase In User Holdings For Bitcoin (BTC)
According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.

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The Sun
4 minutes ago
- The Sun
Datuk Amar Juma'ani Bridge boosts Kuching tourism and economy
KUCHING: The Datuk Amar Juma'ani Bridge, a unique structure spanning Sungai Bintangor in Satok here, is set to add value to the city in terms of economic and tourism potential. Sarawak Premier Tan Sri Abang Johari Tun Openg said the value of community assets in the area is likely to rise with new developments taking place in the vicinity. 'This is not just about building a bridge — it also holds potential for future development plans, such as apartment construction and modern residential concepts, while at the same time preserving the identity of the original village. 'The bridge could become a tourist attraction. We could enhance the riverfront, perhaps by introducing boats similar to the gondolas in Venice. If Venice has gondolas, we can have our own version here,' he said at the official opening of the bridge, which was named in honour of his late wife, Puan Sri Juma'ani Tuanku Bujang, last night. Abang Johari said the area could become a popular spot for tourists to take photographs and buy souvenirs such as locally made handicrafts, thereby providing economic opportunities for the surrounding village community. The 108.5-metre-long bridge was built at a cost of RM50.6 million, with construction beginning in December 2019. - Bernama


The Sun
34 minutes ago
- The Sun
Ringgit gains on weak US data, Fed rate cut expectations
KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, supported by weaker United States (US) economic data that weighed on the greenback and prompted investors to reassess market sentiment, an economist said. At 8 am, the local note climbed to 4.2180/2315 against the greenback from Tuesday's close of 4.2260/2310. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama the weaker-than-expected US ISM Services Purchasing Managers' Index (PMI) reinforced expectations that the Federal Reserve may cut interest rates in September. 'Weaker US economic data, including last Friday's non-farm payrolls, has shifted the narrative. The likelihood of rate cuts is rising as policymakers seek to support growth,' he said. On the domestic front, Mohd Afzanizam noted that the ringgit had performed well against the US dollar but cautioned that some profit-taking may occur after its sharp gains over the past two days. 'We expect the ringgit to trade between RM4.22 and RM4.24 against the US dollar today,' he added. The ringgit was also mostly higher against a basket of major and regional currencies in early trade. It strengthened against the Japanese yen to 2.8795/8889 from 2.8618/8654 on Tuesday and rose against the British pound to 5.6197/6377 from 5.6159/6226. However, it slipped against the euro to 4.8954/9110 from 4.8772/8830. The ringgit advanced against the Singapore dollar to 3.2841/2949 from 3.2793/2834 and appreciated against the Thai baht to 13.0747/1229 from 13.0408/0627. The local unit also gained against the Philippine peso to 7.36/7.39 from 7.33/7.34 and firmed versus the Indonesian rupiah to 257.6/258.5 from 257.8/258.2. - Bernama


The Star
an hour ago
- The Star
Ringgit rises on soft US economic data
KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, supported by weaker United States (US) economic data that weighed on the greenback and prompted investors to reassess market sentiment, an economist said. At 8 am, the local note climbed to 4.2180/2315 against the greenback from Tuesday's close of 4.2260/2310. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid told Bernama the weaker-than-expected US ISM Services Purchasing Managers' Index (PMI) reinforced expectations that the Federal Reserve may cut interest rates in September. "Weaker US economic data, including last Friday's non-farm payrolls, has shifted the narrative. The likelihood of rate cuts is rising as policymakers seek to support growth,' he said. On the domestic front, Mohd Afzanizam noted that the ringgit had performed well against the US dollar but cautioned that some profit-taking may occur after its sharp gains over the past two days. "We expect the ringgit to trade between RM4.22 and RM4.24 against the US dollar today,' he added. The ringgit was also mostly higher against a basket of major and regional currencies in early trade. It strengthened against the Japanese yen to 2.8795/8889 from 2.8618/8654 on Tuesday and rose against the British pound to 5.6197/6377 from 5.6159/6226. However, it slipped against the euro to 4.8954/9110 from 4.8772/8830. The ringgit advanced against the Singapore dollar to 3.2841/2949 from 3.2793/2834 and appreciated against the Thai baht to 13.0747/1229 from 13.0408/0627. The local unit also gained against the Philippine peso to 7.36/7.39 from 7.33/7.34 and firmed versus the Indonesian rupiah to 257.6/258.5 from 257.8/258.2. - Bernama